MonoBank

Monobank PLC Officially Launches MonoOne Prepaid Card

vern — Fri, 12 Mar 2010 23:08:51 +0000

London, United Kingdom – (For immediate release) – March 12, 2010 18:30 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, MonoBank PLC (www.monobank.com), is pleased to advise that the MonoOne prepaid card program offered by our wholly-owned subsidiary Mono Prepaid Ltd. has now been officially launched.

The MonoOne Prepaid Card is available for immediate purchase at Mono Prepaid’s website (www.monoprepaid.com). The Company has also put in place German speaking customer service capabilities, and will be ready to serve the European market in English and German, with other languages to follow as the marketing campaigns is rolled out to the Spanish and other EU markets.

Company management is extremely pleased to announce this important business milestone. It has successfully cleared all the hurdles in place, and is now officially open for business. It will begin fulfillment of the backlog of cards that have been requested by consumers and hopes to have the first cards out in the mail later this week.

The Company will begin actively marketing and promoting the innovative prepaid card through online channels shortly. One of the key features of this new card is that there are no transaction fees charged on purchases for goods and services in the United Kingdom. This makes the MonoOne card more attractive to UK Consumers who are ‘underbanked’, as they may use the card freely for small everyday
purchases.

About MonoBank PLC:
MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement:
This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ
materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. ‘Safe Harbor’ Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain ‘forward-looking’ statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:
MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

MonoBank PLC Reports Progress Towards Launch of MonoOne Prepaid Card

vern — Thu, 14 Jan 2010 18:00:33 +0000

London, United Kingdom – (For immediate release) – January 19th, 2010 18:30 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, MonoBank PLC (www.monobank.com), is pleased to provide an update on the MonoOne prepaid card program offered by our wholly-owned subsidiary Mono Prepaid Ltd.

The prepaid card program is in the final stages of approval, and we have received a provisional card production date of 12^th of February with an expected completion date of the 19^th of February, 2010. Once completed we will test the program for approximately one week, after successful testing, the program will be reach for launch.

The fee structure, card design and the program term and conditions are completed and approved, including the www.monoprepaid.com website card ordering; card loading; and account management components. Once the program is fully approved, the Mono Prepaid website will be live and available to prospective card holders.

The MonoOne card proposed fee structure has been finalized and the retail card purchase price for the card will be £ 9.95 in the United Kingdom and € 13.50 in the European Union. Retail Point of Sale cardholder purchases within the U.K. are free and a small fee applies to purchases outside the UK and within the EU. Cardholders can load money on their cards using the Internet, the SMS functionality of their mobile phone or at retail locations for a minimal fee. Transaction fees and monthly service fees are low to ensure cardholder loyalty.

In addition to the U.K., the MonoOne card will be available for purchase throughout the SEPA 31 member countries of the Single Euro Payments Area (SEPA), which includes Belgium; Bulgaria; Denmark; Germany; Estonia; Finland; France; Greece; Iceland; Italy; Liechtenstein; Lithuania; Luxembourg; Latvia; Malta; Netherlands; Norway; Austria; Poland; Portugal; Romania; Sweden; Spain; Slovenia; Slovakia; Czech Republic; Hungary; and Cyprus, with a total population of over 500 million people.

MonoBank PLC management is confident that the company will be in a position to start marketing the MonoOne card shortly for fulfillment in February of 2010.

About MonoBank PLC

MonoBank PLC, a company incorporated in London, England was founded with the vision of providing products and services to credit challenged prospects. The company’s mission is to provide a variety of products and services to the credit challenged and to continue to develop new first-to-market prepaid and debit card programs, building on consumer acceptance and brand recognition while ensuring customer satisfaction.

Disclaimer & Safe Harbor Statement:
This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:
MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright © 2006-2010 MonoBank PLC. All rights reserved.

MonoBank PLC 2010 Corporate Update – 06.01.2010

vern — Wed, 06 Jan 2010 17:14:28 +0000

London, United Kingdom – (For immediate release) – January 6, 2010 18:30 Frankfurt CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, MonoBank PLC (www.monobank.com), is pleased to provide an update on the MonoOne prepaid card program offered by our subsidiary Mono Prepaid Ltd.

The prepaid card program is in the final stages of approval, and we are currently awaiting prospective card production dates. Our suppliers are working diligently to complete the final step of the process and we are confident that this will be finalized shortly.

The MonoOne card design has been approved, please see final design below.

The fee structure, card design and the program term and conditions are completed and approved, including the www.monoprepaid.com website card ordering, card loading and account management components. Once the program is fully approved the Mono Prepaid website will be live and available to prospective card holders.

MonoBank PLC management is confident that the company will be in a position to start marketing the MonoOne cards in February 2010, depending on the card production timelines. The company will have a final production date within the upcoming days and will provide and update when available.

About MonoBank PLC

Consumers Increasingly Turning to Prepaid Cards In Europe

admin — Mon, 16 Nov 2009 17:34:56 +0000

MonoBank has prepared this White Paper for information purposes outlining how Consumers Increasingly Turning to Prepaid Cards In Europe.

View PDF Document

MonoBank PLC Corporate Update – 16.11.2009

vern — Mon, 16 Nov 2009 17:20:05 +0000

London, United Kingdom – 16.11.2009 – MonoBank PLC Corporate Update

MonoBank PLC, WKN: A0MRLW, FRK: WNW, MonoBank PLC (www.monobank.com), is pleased to announce that the company is currently on schedule for the deployment of its Mono One card prepaid card, offered by its subsidiary Mono Prepaid Ltd. (www.monoprepaid.com)

The company is pleased with the progression of the program and plans to have the monoprepaid.com website live within the coming weeks. The monoprepaid.com site will provide detailed information on the pricing, card features, terms and conditions, and provide the ability to order cards online.

The company is finalizing the MonoOne card terms and conditions in accordance with the required regulatory and supervisory organizations and our primary suppliers. Once this has been completed the company will be in a position to provide marketing details on the card program and announce the pricing and fee structure.

In other Company news, MonoBank is pleased to announce the release of a White Paper entitled ‘Consumers Increasingly Turning to Prepaid Cards in Europe’, which will be posted on the MonoBank website shortly.

MonoBank PLC management ensures that they are on plan in the execution of their business plan and anticipates a successful marketing launch of the MonoOne card and are very confident that consumers will find the pricing and fee structure very attractive.

Disclaimer & Safe Harbor Statement:

This release may contain certain “forward-looking statements” with respect to certain of MonoBank PLC’s plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words “believes”, “intends”, “expects”, “plans”, “seeks” and “anticipates”, and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond MonoBank PLC’s control including among other things, UK and European domestic and global economic and business conditions, market related risks, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which MonoBank PLC operates. As a result, MonoBank PLC’s actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in MonoBank PLC’s forward-looking statements. MonoBank PLC undertakes no obligation to update the forward-looking statements contained in this section or any other forward-looking statements it may make.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright (c) 2006-2009 MonoBank PLC. All rights reserved.

The Plight of the unbanked – Why 50 million Americans don’t use a traditional bank

admin — Tue, 03 Nov 2009 16:13:20 +0000

24.11.2009 – U.K. banks want to end free ATM use, if fees for overdrafts get the ax

22.11.2009 – Banks to vote on abolishing cheques (Telegraph.co.uk)

6.11.2009 – The plight of the unbanked – Why 50 million Americans don’t use a traditional bank

14.08.2009 - European banks weather credit card defaults better than US counterparts

MonoBank PLC Launches New Website and Corporate Logo

vern — Fri, 16 Oct 2009 14:49:24 +0000

London, United Kingdom – (For immediate release) – October 14th, 2009 16:00 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, announced today that its new website is now live, and can be found at www.monobank.com. The new website is the first application from the Company to incorporate its new logo. In addition to a cleaner fresh new look, the website programming has been completely rewritten from the ground up to improve user navigation and has been developed to load much faster than the previous site, all with an aim to improve the user experience. The website is now fully scalable, uses the latest technologies in Content Management and will also improve Search Engine Optimization capabilities.

New content will include an RSS news feed on the home page which will scroll pertinent industry related news on a continuous basis. The Company will also be adding additional content of interest including industry related white papers and other features.

In other Company news, management plans to release the fee structure for its upcoming "Mono One" prepaid debit card (expected to launch later in this 4th quarter in European markets) in the near future. The new fee structure will be incorporated into its website content at that time.

Management also advises that a new website for its wholly owned Mono Prepaid subsidiary is under development, and it is hoped that this website will launch by the end of the year or early in the first quarter of 2010.

About MonoBank PLC

Disclaimer & Safe Harbor Statement:

This release may contain certain "forward-looking statements" with respect to certain of MonoBank PLC’s plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words "believes", "intends", "expects", "plans", "seeks" and "anticipates", and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond MonoBank PLC’s control including among other things, UK and European domestic and global economic and business conditions, market related risks, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which MonoBank PLC operates. As a result, MonoBank PLC’s actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in MonoBank PLC’s forward-looking statements. MonoBank PLC undertakes no obligation to update the forward-looking statements contained in this section or any other forward-looking statements it may make.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

Copyright (c) 2006-2009 MonoBank PLC. All rights reserved.

MonoBank Announces PLC to Launch New Website and Corporate Logo

admin — Tue, 06 Oct 2009 15:04:06 +0000

London, United Kingdom – (For immediate release) – October 6th, 2009 11:30 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, announced today that it will be launching a new corporate website as well simultaneously introducing a new corporate logo. The new website is expected to go live the week of October 12th, barring any unforeseen delays.

The Company management required a branding solution for the upcoming launch of its new ‘MonoOne’ Card prepaid card solution later this quarter, and took the opportunity to revisit its corporate logo and website and refresh of all of its contact points with various stakeholder groups.

Management is reportedly very pleased with the new look, and thinks it will meet with a very positive reception. The new website will have improved functionality and be significantly easier to navigate.

About MonoBank PLC

Disclaimer & Safe Harbor Statement:

This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

MonoBank Announces Agreement With Prepaid Financial Services

admin — Tue, 25 Aug 2009 13:00:54 +0000

London, United Kingdom – (For immediate release) – August 25th, 2009 8:00 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, a company specializing in offering prepaid debit solutions to the credit challenged consumer market, is pleased to announce we have signed an agreement for the provision of a white-label branded prepaid debit card solution with Prepaid Financial Services Ltd. (PFS). PFS is a global payment and processing solution provider located in London, United Kingdom. The PFS solution has been specifically tailored with enhanced functionality to meet the unique requirements of MonoBank PLC, creating one of the most integrated and technologically advanced solutions available today in the transaction processing market. The program rollout will take approximately 12 weeks from start to finish.

This re-loadable prepaid card solution – the MonoOne card, integrates mobile payment applications or m-transaction banking combined with the security of the MasterCard(R) (including Chip and PIN) and Visa(R) global processing networks in collaboration with numerous issuing banks around the world. The MonoBank prepaid cards can be used to make purchases and access cash at over 28 million locations worldwide. By collaborating with PFS, MonoBank can provide a proprietary solution offering Internet and SMS/text functionality and Mobile Payment System (MPS) solutions for loading and transfering funds, enabling clients to securely manage their funds using the MonoOne prepaid card and their mobile phone.

MonoBank will initially target the UK and European markets with a single card solution – the MonoOne platform. Customer sales and service will support all markets speaking English, French, German, Italian and Spanish.

About MonoBank PLC

We know that each customer has specific needs. At MonoBank PLC, we strive to meet those specific needs with quality service and individual
attention. We pride ourselves in giving customers the solutions they are looking for.

Disclaimer & Safe Harbor Statement

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

MonoBank announces the MonoUno Money Transfer Card System for the Hispanic market

admin — Thu, 25 Jun 2009 13:00:46 +0000

London, United Kingdom – (For immediate release) – June 25th, 2009 8:00 CET

MonoBank PLC, WKN: A0MRLW, FRK: WNW, a company specializing in offering prepaid debit solutions to the credit challenged consumer market, is pleased to announce the introduction of the Mono Uno two card system. The Mono Uno system allows the sharing of funds with family and friends abroad and reduces expensive money transfer fees.

The Mono Uno card system is a new two-card system that makes purchasing and money transfer easier and safer than ever for the millions of Hispanic workers who live in the United States and who send more than $40 billion abroad each year. The Mono Uno Twin Card Packet is an ATM/debit card system that does not require the Card user to set up a bank account and it can be used by the cardholder to send money to family and friends almost anywhere in the world. The cardholder simply sends the 2nd Uno Card to the person they want to send money to. The U.S. main cardholder deposits funds as they would with any other transaction, while the other person outside the country with the other card is able to obtain the funds from over 900,000 ATM machines worldwide.

Nearly 35 million Hispanics reside in the United States. Hispanics are the fastest growing segment of the U.S. population. It is estimated that approximately 50% of Hispanics are unbanked and regularly send money home. In 2007, nearly $35 Billion dollars were sent from the U.S. to Mexico, Central and South America.

Mono Uno is normally less than half the price and is expected to drive significant sales, profits and residual income for our future retail partners. An analysis by the Multilateral Investment Fund and Pew Hispanic Center on remittances found that lowering wire transfer fees by just five percent could generate annual savings of $1 billion for Latino households here and internationally. According to the report, one key reason for high fees is a lack of competition from banks and credit unions.

About MonoBank PLC

Disclaimer & Safe Harbor Statement:

For further information please contact:

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

MonoBank

Monobank PLC Officially Launches MonoOne Prepaid Card

MonoBank PLC Reports Progress Towards Launch of MonoOne Prepaid Card

London, United Kingdom – (For immediate release) – January 19th, 2010 18:30 CET

About MonoBank PLC

MonoBank PLC 2010 Corporate Update – 06.01.2010

London, United Kingdom – (For immediate release) – January 6, 2010 18:30 Frankfurt CET

About MonoBank PLC

Consumers Increasingly Turning to Prepaid Cards In Europe

MonoBank PLC Corporate Update – 16.11.2009

London, United Kingdom – 16.11.2009 – MonoBank PLC Corporate Update

Disclaimer & Safe Harbor Statement:

For further information please contact:

MonoBank PLC. Investor Relations Department + 44 (0) 20 7788 7986

Copyright (c) 2006-2009 MonoBank PLC. All rights reserved.

The Plight of the unbanked – Why 50 million Americans don’t use a traditional bank

MonoBank PLC Launches New Website and Corporate Logo

London, United Kingdom – (For immediate release) – October 14th, 2009 16:00 CET

About MonoBank PLC

Disclaimer & Safe Harbor Statement:

For further information please contact:

MonoBank PLC. Investor Relations Department + 44 (0) 20 7788 7986

Copyright (c) 2006-2009 MonoBank PLC. All rights reserved.

MonoBank Announces PLC to Launch New Website and Corporate Logo

London, United Kingdom – (For immediate release) – October 6th, 2009 11:30 CET

About MonoBank PLC

Disclaimer & Safe Harbor Statement:

For further information please contact:

Copyright © 2006-2009 MonoBank PLC. All rights reserved.

MonoBank Announces Agreement With Prepaid Financial Services

London, United Kingdom – (For immediate release) – August 25th, 2009 8:00 CET

About MonoBank PLC

Disclaimer & Safe Harbor Statement

For further information please contact:

Copyright © 2006-2009 MonoBank PLC. All rights reserved.

MonoBank announces the MonoUno Money Transfer Card System for the Hispanic market

London, United Kingdom – (For immediate release) – June 25th, 2009 8:00 CET

About MonoBank PLC

Disclaimer & Safe Harbor Statement:

For further information please contact:

Copyright © 2006-2009 MonoBank PLC. All rights reserved.

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986

MonoBank PLC.
Investor Relations Department
+ 44 (0) 20 7788 7986